Top 8 Locally Based Brokers
Admirals Markets Review
Overall, Admirals is considered average risk, with an overall Trust Score of 84 out of 100. Admirals is licensed by two Tier-1 Regulators (high trust), two Tier-2 Regulators (average trust), and two Tier-3 Regulators (low trust). Admirals offers six different retail trading accounts namely Trade.MT5, Invest.MT5, Zero.MT5, Bets.MT5, Trade.MT4, and Zero.MT4. Admiral Markets is currently not regulated by the CMA of Kenya
- Louis Schoeman
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.1/5
Total Pairs
35 Forex Currency Pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Admirals Review – 23 key points quick overview:
Admirals Overview- Admirals At a Glance
- Admirals Regulation and Safety of Funds
- Admirals Account Types and Features
- Admirals Account Registration
- Admirals Vs FBS Vs TD Ameritrade – Broker Comparison
- Admirals Trading Platforms
- Range of Markets
- Broker Comparison for Range of Markets
- Admirals Trading and Non-Trading Fees
- Admirals Deposits and Withdrawals
- How to Deposit Funds with Admirals
- Admirals Fund Withdrawal Process
- Admirals Education and Research
- Admirals Bonuses and Promotions
- How to open an Affiliate Account with Admirals
- Admirals Affiliate Program Features
- Admirals Corporate Social Responsibility
- Verdict on Admirals
- Admiral Current Popularity Trends
- Admiral Pros and Cons
- Frequently Asked Questions
- Conclusion
Admirals Overview
👉 Admirals does not have a local presence in Nairobi, Kenya and is not regulated by the Capital Markets Authority (CMA). However, the broker is highly regulated by recognized regulatory bodies such as the FCA, ASIC, Cyprus Securities and Exchange Commission (CySEC), EFSA, and JSC.
👉 Admirals’ overarching mission is to supply the trading community with functional software and high-quality goods at a clear price and execution level.
👉 Admirals is an award-winning multi-jurisdictional broker. They provide a diverse selection of trading goods and platforms to consumers worldwide that are both complicated and user-friendly.
👉 This Admirals review will provide traders with the details that they need to consider whether the broker is suited to their unique trading objectives and needs.
Distribution of Traders
👉 The distribution of traders with Admirals is as follows:
➡️️ Germany – 12.4%
➡️️ France – 8.8%
➡️️ Spain – 7%
➡️️ Poland – 4.4%
➡️️ Bulgaria – 4%
Popularity among traders who choose Admirals
🥇 While Admirals does not have a significant market share in Kenya, the broker still falls within the Top 50 forex brokers for Kenyan traders.
Admirals At a Glance
| 🏛️ Headquartered | London, United Kingdom |
| 🏛️ Local Market Regulator in Kenya | Capital Markets Authority (CMA) |
| 👍 Accepts Kenyan Traders? | Yes |
| 📅 Year Founded | 2001 |
| 📱 Kenyan Office Contact Number | None |
| ⚖️ Regulation | FCA, ASIC, CySEC, EFSA, JSC |
| 🔎 License Number | • Jordan – 57026 • United Kingdom – FRN 595459 • Estonia – 4.1-1/46 • Cyprus – 201/13 • Australia – ABN 63151613839, AFSL 410681 |
| ⚖️ CMA Regulation | None |
| ✴️ Regional Restrictions | Canada, United States, Japan, Malaysia, Singapore, and some other countries |
| ☪️ Islamic Account | Yes |
| 📈 Demo Account | Yes |
| 📈 Retail Investor Accounts | 6 |
| 📊 PAMM Accounts | No |
| 📊 Liquidity Providers | Admiral Markets A.S. |
| 💵 Affiliate Program | Yes |
| 📊 Crypto trading offered? | Yes |
| 🚀 Offers a KES Account? | No |
| 💻 Dedicated Kenyan Account Manager? | No |
| 📈 Maximum Leverage | 1:30 (Retail), 1:500 (Professional) |
| 📈 Leverage Restrictions for Kenya? | No |
| 💳 Minimum Deposit (KES) | 110 KES or an equivalent to $1 |
| 💳 Kenyan shilling Deposits Allowed? | Yes, but currency conversion fees may apply |
| 💰 Active Kenyan Trader Stats | 70,000+ |
| 💰 Kenya Daily Forex Turnover | $100 million+ |
| 💳 Deposit and Withdrawal Options | • Bank Transfers • Klarna • Debit Card • Credit Card • PayPal • Neteller • Skrill • SafetyPay • iBank & BankLink • iDEAL • POLi |
| 💰 Segregated Accounts with Kenyan Banks? | No |
| 💻 Trading Platforms | • MetaTrader 4 • MetaTrader 5 • Admirals Mobile App |
| 💰 Tradable Assets | • ESG Trading Instruments • Forex • Cryptocurrency CFDs • Commodities • Indices • Stocks • ETFs • Bonds • Spread Betting |
| 🌐 Offers USD/NGN currency pair? | No |
| 🌐 USD/NGN Average Spread | N/A |
| 📈 Offers Kenyan Stocks and CFDs | None |
| 👨💼 Languages supported on Website | English, German, Frenchs, Italian, Romanian, Spanish, Portuguese, Russian, Polish, and several more. |
| 👥 Customer Support Languages | Multilingual |
| 👥 Customer Service Hours | 24/5 |
| 👥 Kenyan-based customer support? | No |
| 💰 Bonuses and Promotions for Kenyans | No |
| ✴️ Education for Kenyan beginners | Yes |
| 📊 Proprietary trading software | Yes |
| 💰 Most Successful Kenyan Trader | Patrick Mahinge (Net Worth – Private) |
| ✔️ Is Admirals a safe broker for Kenyans? | Yes |
| ✔️ Rating for Admirals Kenya | 9/10 |
| ✔️ Trust score for Admirals Kenya | 84% |
Admirals Regulation and Safety of Funds
In various nations, Admirals has been licensed and controlled by recognized bodies since the broker’s inception. Strong security and customer service methods assure the safety of Kenyan traders when they utilize their services.
In addition, Admirals publishes clear data about its financial records that Kenyan traders may access at any given moment. The rules and permissions that Admirals possesses include:
➡️️ As a limited liability company in the United Kingdom, Admiral Markets UK Ltd is registered at Companies House under registration number 08171762. The Financial Conduct Authority (FCA) has authorized and regulated Admiral Markets UK Ltd under registration number 595450.
➡️️ At the Registry of Companies and Official Receiver, Admiral Markets Cyprus Ltd is registered with company registration number 310328. Cyprus Securities and Exchange Commission (CySEC) license number 201/13 is the license number assigned to Admiral Markets Cyprus Ltd.
➡️️ When it comes to doing financial services business in Australia, Admiral Markets Pty Ltd (ABN 631151613839) has a restricted Australian Financial Services Licence (AFSL) that covers just the financial products and services listed on its AFSL no. 410681.
➡️️ The Jordan Securities Commission (JSC) of the Hashemite Kingdom of Jordan has authorized and regulated Admiral Markets AS Jordan Ltd to carry on investment activities under registration number 57026.
➡️️ Admirals also has a presence in South Africa under Admirals SA (Pty) Ltd, which is registered through the Companies and Intellectual Property Commission (CIPC) with registration number – 2019 / 620981 / 07. The Financial Sector Conduct Authority has approved Admirals SA (Pty) Ltd as an authorized financial services provider that can offer financial services and products to South African traders under license FSP51311.
➡️️ The broker is regulated and permitted by the Estonian Financial Supervision Authority (EFSA license No 4.1-1/46) in the European Union and the European Economic Area (EEA) cross-border basis to carry out the major investment and brokerage operations.
Admiral Markets AS is recognized by the public as a corporation with an exceptional reputation for providing high-quality services, financial stability, and investment security. Three of Admiral Markets’ subsidiaries are completely compliant with the Directive on Markets in Financial Instruments 2014/65/EU, also known as MiFID II.
FCA requirements mandate that all client money be held in a European Economic Area-approved credit institution apart from Admirals’ own assets. As a result of this arrangement, Admirals is unable to access any of the money that its customers have provided.
In addition, UK insolvency law protects client payments in the event of a company’s bankruptcy from ordinary creditors. Admirals complies with FCA requirements by doing daily money reconciliations for its customers. Because of this method, segregated bank accounts represent the customer’s assets accurately.
Customers’ trading funds are thus known as “client money” as a whole. Client money asset returns (CMARs), which the FCA mandates Admirals submit monthly, are an important part of Admirals’ compliance obligations.
A yearly audit of Admirals’ money management and control systems is performed by its auditors, who are accountable to the FCA. As a result of financial institutions going down, this group was formed to protect the interests of its customers.
The FSCS would reimburse qualifying customers up to £85,000 if a broker goes out of business due to a lack of segregated client assets. In the event of a PRA-regulated bank’s collapse, it must pay up to £85,000 in compensation to its customers.
In the event of a bank collapse, depositors are paid via deposit insurance programs (DGS). Up to €100,000 in savings are protected through EU law-mandated deposit guarantee schemes.
National organizations in Europe have, however, agreed on a set of minimum standards at the EU level. Each depositor is covered by EU legislation to the extent of €100,000 per account. Some states have savings banks, cooperative banks, public sector banks, and private banks, just to name a few.
Admirals Account Types and Features
Kenyans can choose from six retail investor accounts at Admirals based on their specific trading requirements and ambitions. As a result of Admirals’ customizable account structure, any sort of trader can benefit from the comprehensive trading services and solutions that are offered.
➡️️ Invest.MT5
➡️️ Zero.MT5
➡️️ Bets.MT5
➡️️ Trade.MT4
➡️️ Zero.MT4
Live Trading Accounts
Trade.MT5
This is the typical account type that offers standard trading conditions and features to most Kenyan retail traders.
| Account Feature | Value |
| 💰 Minimum Deposit | 28,000 KES or an equivalent to $250 |
| 💵 Account Base Currency | EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON |
| 📊 Range of Markets Offered | • Currencies – 40 • Metal CFDs – 5 • Energy CFDs – 3 • Agriculture CFDs – 7 • Index Futures CFDs – 24 • Commodity Futures – 11 • Cash Index CFDs – 19 • Stock CFDs – over 3,350 • ETF CFDs – over 300 Bonds CFDs – 2 |
| 📈 Leverage on Forex | Retail leverage from 1:20 to 1:30, professional up to 1:500 |
| 📈 Leverage on Indices | Retail leverage from 1:10 up to 1:20, professional up to 1:500 |
| 💻 Average Spread | From 0.5 pips on major pairs |
| 💸 Commissions charged on trades | • $0.02 per share on individual shares and ETF CFDs • Zero commissions on other tradable instrument |
| ✔️ Tick Size on Forex | 0.00001 |
| 📊 Trade Execution Type | Market |
| 📉 Minimum Position Size | 0.01 lots |
| 📈 Maximum Position Size | 100 standard lots |
| 📊 Maximum Open and Pending Orders | 500 standard lots |
| 🛑 Stop-Out Level | 50% |
| 📊 Negative Balance Protection offered? | Yes |
| ☪️ Islamic Account offered? | Yes |
| ✔️ One-Click Trading | Yes |
| 💰 Volatility Protection | Yes |
| 📊 Market Depth | Yes |
| 🗞 Market News | Yes |
| 📊 Market Analysis | Yes |
| 🗓 Economic Calendar | Yes |
| ✔️ Access to Trading Central? | Yes |
Invest.MT5
This is a dedicated account for Kenyan investors who want exposure to a wide range of shares from companies and stock exchanges worldwide.
| Account Feature | Value |
| 💰 Minimum Deposit | 110 KES equivalent to $1 |
| 💵 Account Base Currency | EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON |
| 📊 Range of Markets Offered | • Stock CFDs – over 4,350 • ETF CFDs – over 200 |
| 📈 Leverage on Forex | None |
| 📉 Leverage on Indices | None |
| 📈 Average Spread | From 0.0 pips |
| 💳 Commissions charged on trades | • $0.02 per share on individual shares and ETF CFDs |
| ✔️ Tick Size on Forex | None |
| 💻 Trade Execution Type | Exchange |
| 💰 Minimum Position Size | None |
| 💰 Maximum Position Size | None |
| 💵 Maximum Open and Pending Orders | 500 standard lots |
| 🛑 Stop-Out Level | None |
| 📉 Negative Balance Protection offered? | No |
| ☪️ Islamic Account offered? | No |
| 📲 One-Click Trading | Yes |
| 🛡 Volatility Protection | Yes |
| 📊 Market Depth | Yes |
| 🗞 Market News | Yes |
| 📊 Market Analysis | Yes |
| 🗓 Economic Calendar | Yes |
| 📍 Access to Trading Central? | Yes |
Zero.MT5
Experienced traders, and even professional traders, who need the greatest trading conditions, features, and competitive advantage may consider opening a Zero MetaTrader 5 account.
| Account Feature | Value |
| 💰 Minimum Deposit | 28,000 KES equivalent to $250 |
| 💵 Account Base Currency | EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON |
| 📊 Range of Markets Offered | • Currencies – 45 • Metal CFDs – 3 • Energy CFDs – 3 • Cash Index CFDs – 10 |
| 📈 Leverage on Forex | Retail leverage from 1:20 to 1:30, professional up to 1:500 |
| 📉 Leverage on Indices | Retail leverage from 1:10 up to 1:20, professional up to 1:500 |
| 📈 Average Spread | From 0.0 pips on major pairs |
| 💳 Commissions charged on trades | • From $1.8 to $3 per standard lot on Forex and Metals • From $0.05 to $3 per standard lot on Cash Indices • $1 per standard lot on Energies |
| ✔️ Tick Size on Forex | 0.00001 |
| 💻 Trade Execution Type | Market |
| 💰 Minimum Position Size | 0.01 lots |
| 💰 Maximum Position Size | 200 standard lots |
| 💵 Maximum Open and Pending Orders | 500 standard lots |
| 🛑 Stop-Out Level | 50% |
| 📉 Negative Balance Protection offered? | Yes |
| ☪️ Islamic Account offered? | No |
| 📲 One-Click Trading | Yes |
| 🛡 Volatility Protection | Yes |
| 📊 Market Depth | Yes |
| 🗞 Market News | Yes |
| 📊 Market Analysis | Yes |
| 🗓 Economic Calendar | Yes |
| 📍 Access to Trading Central? | Yes |
Bets.MT5
This is a dedicated account for UK Residents who want to participate in spread betting through Admirals.
| Account Feature | Value |
| 💰 Minimum Deposit | 100 GBP |
| 💵 Account Base Currency | GDP |
| 📊 Range of Markets Offered | 35 Forex Currency Pairs |
| 📈 Leverage on Forex | Retail leverage from 1:20 to 1:30, professional up to 1:500 |
| 📉 Leverage on Indices | None |
| 📈 Average Spread | From 0.5 pips on major pairs |
| 💳 Commissions charged on trades | None |
| ✔️ Tick Size on Forex | 0.00001 |
| 💻 Trade Execution Type | Market |
| 💰 Minimum Position Size | 0.01 lots |
| 💰 Maximum Position Size | None |
| 💵 Maximum Open and Pending Orders | 500 standard lots |
| 💵 Maximum Bet Size or Stake Size | 100 |
| 🛑 Stop-Out Level | 50% |
| 📉 Negative Balance Protection offered? | Yes |
| ☪️ Islamic Account offered? | No |
| 📲 One-Click Trading | Yes |
| 🛡 Volatility Protection | Yes |
| 📊 Market Depth | Yes |
| 🗞 Market News | Yes |
| 📊 Market Analysis | Yes |
| 🗓 Economic Calendar | Yes |
| 📍 Access to Trading Central? | Yes |
Trade.MT4
This is a basic trading account that is supplied in conjunction with the usage of MetaTrader 4, which provides Kenyan traders with competitive trading conditions as well as a variety of additional features.
| Account Feature | Value |
| 💰 Minimum Deposit | 28,000 KES equivalent to $250 |
| 💵 Account Base Currency | EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON |
| 📊 Range of Markets Offered | • Currencies – 37 • Metal CFDs – 4 • Energy CFDs – 3 • Index Futures CFDs – 3 • Cash Index CFDs – 16 • Stock CFDs – 230 • Bonds CFDs – 2 |
| 📈 Leverage on Forex | Retail leverage from 1:20 to 1:30, professional up to 1:500 |
| 📉 Leverage on Indices | Retail leverage from 1:10 up to 1:20, professional up to 1:500 |
| 📈 Average Spread | From 0.5 pips on major pairs |
| 💳 Commissions charged on trades | • $0.02 per share on individual shares and ETF CFDs • Zero commissions on other tradable instruments |
| ✔️ Tick Size on Forex | 0.00001 |
| 💻 Trade Execution Type | Market |
| 💰 Minimum Position Size | 0.01 lots |
| 💰 Maximum Position Size | 100 standard lots |
| 💵 Maximum Open and Pending Orders | 500 standard lots |
| 🛑 Stop-Out Level | 50% |
| 📉 Negative Balance Protection offered? | Yes |
| ☪️ Islamic Account offered? | No |
| 📲 One-Click Trading | Yes |
| 🛡 Volatility Protection | Yes |
| 📊 Market Depth | No |
| 🗞 Market News | Yes |
| 📊 Market Analysis | Yes |
| 🗓 Economic Calendar | Yes |
| 📍 Access to Trading Central? | Yes |
Zero.MT4
The MetaTrader 4 Zero Account provides experienced and advanced traders with a variety of tools and competitive trading conditions that enable them to engage in a variety of trading tactics, including high-frequency trading, algorithmic trading, and several others.
| Account Feature | Value |
| 💰 Minimum Deposit | 28,000 KES equivalent to $250 |
| 💵 Account Base Currency | EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON |
| 📊 Range of Markets Offered | • Currencies – 45 • Metal CFDs – 3 • Cash Index CFDs – 10 • Energy CFDs – 3 |
| 📈 Leverage on Forex | Retail leverage from 1:20 to 1:30, professional up to 1:500 |
| 📉 Leverage on Indices | Retail leverage from 1:10 up to 1:20, professional up to 1:500 |
| 📈 Average Spread | From 0.0 pips on major pairs |
| 💳 Commissions charged on trades | • From $1.8 to $3 per standard lot on Forex and Metals • From $0.05 to $3 per standard lot on Cash Indices • $1 per standard lot on Energies |
| ✔️ Tick Size on Forex | 0.00001 |
| 💻 Trade Execution Type | Market |
| 💰 Minimum Position Size | 0.01 lots |
| 💰 Maximum Position Size | 200 standard lots |
| 💵 Maximum Open and Pending Orders | 200 standard lots |
| 🛑 Stop-Out Level | 50% |
| 📉 Negative Balance Protection offered? | Yes |
| ☪️ Islamic Account offered? | No |
| 📲 One-Click Trading | Yes |
| 🛡 Volatility Protection | Yes |
| 📊 Market Depth | No |
| 🗞 Market News | Yes |
| 📊 Market Analysis | Yes |
| 🗓 Economic Calendar | Yes |
| 📍 Access to Trading Central? | Yes |
Demo Account
A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital.
There is a certain degree of risk involved when trading financial markets and Admirals offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.
Islamic Account
Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.
This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.
Muslim traders who reside in Kenya may change their Trade.MT5 account to an Islamic account, gaining access to the following features:
➡️️ No interest or swap adjustments on overnight holdings
➡️️ Islamic Accounts are available to both retail and professional traders
➡️️ There are no spread widening or upfront costs
➡️️ Traders may anticipate the same trading circumstances as with standard accounts
➡️️ There are no limitations on trading style, strategy, or usage of Expert Advisors.
Muslim traders in Kenya are subject to an Islamic Account Administration fee that is assessed after a certain holding term for each item. The following table summarizes the holding time and average charges per instrument, with a complete list accessible on Admirals’ official website:
➡️️ Agricultural CFDs – 3 Days, from $0.1 up to $2.
➡️️ Cash Indices CFDs – between 3 to 10 days, ranging from $0.1 up to $3.
➡️️ Cryptocurrencies – after 1 day, from $0.01 up to $22.
➡️️ Energies – after 3 days, from $3 to $10.
➡️️ ETF CFDs – after 3 days, from $0.01 to $0.1.
➡️️ Forex, between 1 day and 10 days, from $3 to $113.
➡️️ Precious Metals – between 3 to 10 days, from $0.5 to $15.
➡️️ Stock CFDs – from 3 days, between $0.01 to $0.6
Admirals Account Registration
Admirals’ account opening procedure is straightforward. There is a brief online form that can be completed in a matter of minutes, allowing traders access to the Admirals Trader’s Room.
After that, you must validate your email address and submit a piece of identification such as a passport or driver’s license, as well as a current utility bill, to establish your residence. Once the accounts staff has validated your papers, you may fund your account and begin trading.
Overall Rating
- 4.1/5
Min Deposit
110 KES equivalent to $1
Regulators
FCA, ASIC, CySEC, EFSA, JSC
Trading Desk
• MetaTrader 4
• MetaTrader 5
• Admirals Mobile App
Crypto
Yes
Total Pairs
35 Forex Currency Pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Admirals Vs FBS Vs TD Ameritrade – Broker Comparison
| Admirals | FBS | TD Ameritrade | |
| ⚖️ Regulation | FCA, ASIC, CySEC, EFSA, JSC | IFSC, CySEC | SEC, SFC, FINRA |
| 📱 Trading Platform | • MetaTrader 4 • MetaTrader 5 • Admirals Mobile Ap | • MetaTrader 4 • MetaTrader 5 • FBS Trader • CopyTrade | • TD Ameritrade Web • TD Ameritrade Mobile • thinkorswim mobile • thinkorswim web |
| 💰 Withdrawal Fee | Yes | Yes | No |
| 📈 Demo Account | Yes | Yes | Yes |
| 📊 Min Deposit | 110 KES | 110 KES | 110 KES |
| 💰 Leverage | • 1:30 Retail • 1:500 Professional | Up to 1:3000 | 1:2 |
| 💳 Spread | From 0.0 pips | From 0.0 pips | None |
| ✴️ Commissions | From $0.02 | From $6 | From $0 |
| 💳 Margin Call/Stop-Out | Stop-out from 50% | 40% and 20% | None |
| 📊 Order Execution | Market/Exchange | STP, ECN | None |
| 💰 No-Deposit Bonus | No | Yes | No |
| 💰 Cent Accounts | No | Yes | No |
| 📊 Account Types | • Trade.MT5 • Invest.MT5 • Zero.MT5 • Bets.MT5 • Trade.MT4 • Zero.MT4 | • FBS Cent Account • FBS Micro Account • FBS Standard Account • FBS Zero Account • FBS ECN Account • FBS Crypto Account | • Standard Accounts • Retirement Accounts • Education Accounts • Speciality Accounts • Managed Profiles • Margin Trading Account |
| ⚖️ CBN Regulation | No | No | No |
| 💵 NGN Deposits | Yes | Yes | No |
| 💳 Nigerian Naira Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/7 | 24/7 |
| 🛍 Retail Investor Accounts | 6 | 6 | 2 |
| ☪️ Islamic Account | Yes | Yes | No |
Admirals Trading Platforms
Admirals offers Kenyan traders a choice between these trading platforms:
➡️️ MetaTrader 4
➡️️ MetaTrader 5
➡️️ Admirals App
Desktop Platforms
➡️️ MetaTrader 4
➡️️ MetaTrader 5
MetaTrader 4
MetaTrader 4 (MT4) is a forex and contract for difference (CFD) trading platform that enables traders to analyse real-time charts and trade financial products across different marketplaces. It is completely free to use and appropriate for traders of all experience levels, with a simple interface and the ability to be customized to your tastes.
MetaTrader 5
MetaTrader 5 is the world’s most popular multi-asset trading platform, used by traders and investors worldwide to trade forex, CFDs, exchange-traded instruments, and futures. The platform features comprehensive charting and trading capabilities, as well as alternatives for automated trading.
WebTrader Platforms
➡️️ MetaTrader 4
➡️️ MetaTrader 5
MetaTrader 4
MT4 has a plethora of complex trading tools and processes, such as technical analysis indicators, trading strategy templates, automated trading, and one-click trading. Additionally, it supports over 30 different languages.
The benefit when using MetaTrader 4 WebTrader is that Kenyan traders need not install the software on their desktop; they can use the platform on a computer or smartphone connected to the Internet at any given time.
MetaTrader 5
The MetaTrader 5 WebTrader is the MetaTrader platform, except it works entirely inside your browser, without the need to download any software. There is no special operating system needed, and it may be started from anywhere with an internet connection at any time.
Trading App
➡️️ Admirals App
➡️️ MetaTrader 4
➡️️ MetaTrader 5
Admirals app
Admirals enables mobile trading from almost any Android or iOS smartphone. This top-of-the-line program is ideal for traders interested in not only placing orders through mobile devices but also doing basic technical analysis on a fully-featured chart that is conveniently located in their pockets.
MetaTrader 4 and 5
MetaTrader 5 (MT5) is a little more sophisticated version of MetaTrader 4 (MT4) that incorporates a few new features, even with the mobile trading app for Kenyans. It includes a wider range of periods, more sophisticated charting and trading tools, level II pricing, and free market data/news.
However, despite this, MetaTrader 4 still reigns as the most popular trading platform and mobile app, featuring a wide range of functions, tools, and features that Kenyans can use in their daily trading activities.
Simply download and install MetaTrader 4 or MetaTrader 5 on any iOS or Android device and log in to your account to begin trading.
Range of Markets
Kenyan traders can expect the following range of markets from Admirals:
➡️️ ESG Trading Instruments
➡️️ Forex
➡️️ Cryptocurrency CFDs
➡️️ Commodities
➡️️ Indices
➡️️ Stocks
➡️️ ETFs
➡️️ Bonds
➡️️ Spread Betting
Broker Comparison for Range of Markets
| ACY Securities | CM Trading | RoboForex | |
| 💰Forex | Yes | Yes | Yes |
| 🔨 Precious Metals | Yes | Yes | No |
| 💰 ETFs | Yes | No | Yes |
| 📊 CFDs | Yes | Yes | No |
| 📈 Indices | Yes | Yes | No |
| 💵 Stocks | Yes | Yes | Yes |
| 💳 Cryptocurrency | Yes | Yes | Yes |
| 💰 Options | No | No | Yes |
| 💸 Bonds | Yes | No | Yes |
| 🔋 Energies | Yes | No | Yes |
Admirals Trading and Non-Trading Fees
Spreads
Admirals’ varying spreads are as follows:
➡️️ Trade.MT5 – from 0.5 pips
➡️️ Invest.MT5 – from 0.0 pips
➡️️ Zero.MT5 – from 0.0 pips
➡️️ Bets.MT5 – from 0.5 pips
➡️️ Trade.MT4 – from 0.5 pips
➡️️ Zero.MT4 – from 0.0 pips
Commissions
Admirals’ trading accounts are subject to the following commissions:
| Account | Commissions charged on trades |
| Trade.MT5 | $0.02 per share on individual shares and ETF CFDs |
| Invest.MT5 | $0.02 per share on individual shares and ETF CFDs |
| Zero.MT5 | • From $1.8 to $3 per standard lot on Forex and Metals • From $0.05 to $3 per standard lot on Cash Indices • $1 per standard lot on Energies |
| Trade.MT4 | $0.02 per share on individual shares and ETF CFDs |
| Zero.MT4 | • From $1.8 to $3 per standard lot on Forex and Metals • From $0.05 to $3 per standard lot on Cash Indices • $1 per standard lot on Energies |
Overnight Fees, Rollovers, or Swaps
Overnight fees are assessed on traders who maintain open positions for more than 24 hours. Admirals charges an overnight fee based on the size of the position, the instrument, and other variables.
Some typical overnight fees are as follows:
➡️️ Forex – e.g. EUR/USD – a long swap of -0.674 and a short swap of 0.054 with triple swaps on Wednesdays.
➡️️ Crypto – e.g. BTC/USD – a long swap of -0.05583 and a short swap of -0.05528 with no triple swaps.
➡️️ Agricultural Commodities – e.g. Cocoa (1 metric ton) – a long swap of -0.04197 and a short swap of 0.01419 with triple swaps on Friday.
➡️️ Energies – e.g. Brent Crude Oil (100 barrels) – a long swap of 0.03506 and a short swap of -0.06081 with triple swaps applied on Fridays.
➡️️ Precious Metals – e.g. Gold – a long swap of -14.21 and a short swap of -10.618 with 3-day swaps every Wednesday.
➡️️ Precious Metals – e.g. Silver – a long swap of -0.214 and a short swap of -0.186 with triple swaps applied to open positions every Wednesday.
➡️️ NASDAQ100 Index CFDs – a long swap of -0.00917 and a short swap of -0.0075 with triple swaps applied every Friday.
➡️️ Shares – e.g. Alphabet, Inc. (GOOGL) – a long swap of -0.01689 and a short swap of -0.01644, with triple swaps every Friday.
➡️️ ESG Shares – e.g. NVIDIA Corp (NVDA) – a long swap of -0.01689 and a short swap of -0.01644, with triple swaps every Friday.
➡️️ ETF CFDs – e.g. Vanguard Total International Stock (VXUS) – a long swap of -0.01689 and a short swap of -0.01644, with triple swaps every Friday.
Deposit and Withdra
wal Fees
Admirals charges deposit fees on the following payment methods:
➡️️ Skrill – 0.9% along with a minimum of 1 currency unit in EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON.
➡️️ Neteller – 0.9% along with a minimum of 1 currency unit in EUR or GBP.
Kenyans enjoy one free withdrawal every month with Admirals. If traders withdraw more than this, Admirals imposes the following withdrawal fees:
➡️️ Bank Transfers – if traders withdraw more than once, they are subjected to a fee of 10 USD, or an equivalent in EUR, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON.
➡️️ PayPal – 1% with a minimum of 1 currency unit in EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON.
➡️️ Skrill – 1% with a minimum of 1 currency unit in EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON.
➡️️ Neteller – 1% with a minimum of 1 currency unit in EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON.
➡️️ iBank and BankLink – 0.5% with a minimum of 1 currency unit in CNY, IDR, MYR, THB, VND.
Other Fees
Admirals imposes the following administrative fees on the Islamic Account:
➡️️ Agricultural CFDs – 3 Days, from $0.1 up to $2.
➡️️ Cash Indices CFDs – between 3 to 10 days, ranging from $0.1 up to $3.
➡️️ Cryptocurrencies – after 1 day, from $0.01 up to $22.
➡️️ Energies – after 3 days, from $3 to $10.
➡️️ ETF CFDs – after 3 days, from $0.01 to $0.1.
➡️️ Forex, between 1 day and 10 days, from $3 to $113.
➡️️ Precious Metals – between 3 to 10 days, from $0.5 to $15.
➡️️ Stock CFDs – from 3 days, between $0.01 to $0.6
Additionally, Kenyan traders should be aware that an inactivity fee of ten euros per month is applied if the trading account is idle for two years. Additionally, Kenyans are charged a 0.3% currency conversion fee when they fund the trading account with KES or any other currency other than EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, or RON.
In addition, Kenyan traders must note that an inactivity fee of $10 is charged per month if the trading account becomes dormant after two years.
Admirals Deposits and Withdrawals
Admirals offers the following deposit and withdrawal methods:
➡️️ Bank Transfers
➡️️ Klarna
➡️️ Debit Card
➡️️ Credit Card
➡️️ PayPal
➡️️ Neteller
➡️️ Skrill
➡️️ SafetyPay
➡️️ Przelewy
➡️️ iBank & BankLink
➡️️ iDEAL
➡️️ POLi
How to Deposit Funds with Admirals
The broker will need to validate your account before you may deposit any money into your account. Subsequently, Admirals will use the KYC procedure to verify your identity and safeguard your account. Once complete, you can deposit your trading platform or Trader’s Room on the website.
You can simply log into your account, select the option to deposit and choose a deposit method from the list provided. Next, you can indicate the amount you want to deposit and the deposit currency.
Some payment providers may require additional steps to verify and confirm the deposit before you can transfer funds from your bank account into your Admirals account.
Admirals Fund Withdrawal Process
It is simple to get cash out of your Admiral markets account. The first two withdrawals of the month are completely free of charge for you to make whenever you choose.
After then, each withdrawal is subject to a charge, which starts at $1. You must be the account holder to request a withdrawal, and there may be a waiting period on withdrawals depending on when you submitted a withdrawal request and which method you used to make a withdrawal.
Admirals Education and Research
Admirals offers the following Educational Materials:
➡️️ Forex and CFD webinars
➡️️ Frequently Asked Questions
➡️️ Trader’s Glossary
➡️️ Risk Management Guide
➡️️ Articles and Tutorials
➡️️ Zero To Hero
➡️️ Forex 1010
➡️️ Trading Videos
➡️️ eBooks
Admirals offers Kenyan traders the following Research and Trading Tools:
➡️️ Global Market Updates
➡️️ Premium Analytics
➡️️ Fundamental Analysis
➡️️ Technical Analysis
➡️️ Forex Calendar
➡️️ Trading Central
➡️️ Trading News
➡️️ Market Heat Map
➡️️ Market Sentiment
➡️️ Weekly Trading Podcast
Admirals Bonuses and Promotions
Admirals provides a Referral Program to Kenyan traders, which enables them to share a unique link with their friends and relatives. If the referral opens and funds a live trading account with Admirals and executes at least one transaction, both the referrer and their referral will get 15 currency units in USD, GBP, or EUR.
Overall Rating
- 4.1/5
Min Deposit
110 KES equivalent to $1
Regulators
FCA, ASIC, CySEC, EFSA, JSC
Trading Desk
• MetaTrader 4
• MetaTrader 5
• Admirals Mobile App
Crypto
Yes
Total Pairs
35 Forex Currency Pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
How to open an Affiliate Account with Admirals
To become an affiliate with Admirals, Kenyans can:
➡️️ Join Admirals as a Forex affiliate and obtain access to the affiliate site.
➡️️ Choose an offer that includes promotional materials that is a good fit for you and your audience.
➡️️ Promote Admirals on your website or platform by including promotional materials supplied by Admirals.
➡️️ Earn commissions (up to $600) on each customer brought to Admirals via one of the top CPA affiliate systems on the market.
Admirals Affiliate Program Features
The features of the affiliate program offered by Admirals is:
➡️️ Website Publishers
➡️️ Mobile Marketers
➡️️ Media Buyers
➡️️ Digital Marketers
➡️️ Webmasters
➡️️ Affiliate Network Members
➡️️ Social Media Influencers
The following are the perks of being an Admirals affiliate:
➡️️ Earn commissions of up to $600
➡️️ Transparent statistics and reporting enable affiliates to easily track and collect their commissions.
➡️️ The assurance that affiliates are working with a reputable and regulated brand
➡️️ The ability to accelerate results using conversion-optimized banners, widgets, booklets, and other materials
➡️️ Dedicated affiliate specialist support to assist affiliates
➡️️ Unrestricted access to the Affiliates Portal 24 hours a day, 7 days a week
Admirals Corporate Social Responsibility
Admirals achieved carbon neutrality as a firm in 2020, and as a forward-thinking organization, their objective is to take sustainability to the next level via their dedication to becoming a completely ESG-compliant organization.
They will be the first to establish a connection between the world of financial trade and environmental activities. They emphasize energy efficiency in their workplaces and when feasible, they use renewable energy.
Admirals organizes tree-planting programs in the areas it serves. Additionally, they prioritize recycling and waste reduction initiatives throughout all its locations. They are presently aiming to provide customers with more sustainable investment possibilities via their investing efforts.
Their primary concerns are with the future of our community – their customers, co-workers, business partners, and stockholders. Admirals acts sustainably and with regard for future generations. They are continuing their environmental endeavours and are continually looking for ways to improve existing ESG efforts.
Small, regular actions have significant long-term effects. They continue to work to motivate the trade community to make a good difference in the world. Admirals enables you to trade Green from anywhere and at any time.
Verdict on Admirals
Admiral Markets is a privately held company that does not run a bank. Admiral Markets is regarded to be an average risk investment, having earned an overall Trust Score of 84 out of 99.
As a result of its rapid expansion, Admiral Markets now holds regulatory licenses in the UK, Australia, Estonia, Cyprus, and throughout continental Europe. Admiral Markets was founded in 2001. There are over 200 employees, over 22,000 active customers, and over €36 million in Total Tier 1 capital in the broker’s portfolio.
Since its inception in 2001, Admiral Markets has grown to be a well-respected broker. For a variety of reasons, this broker is preferred by traders throughout the globe. Users may establish an account quickly and easily with a variety of options to select from.
The MT4, MT5 platforms and Admirals trading app, which enable traders to access both conventional and sophisticated trading capabilities, are always a bonus. Although the broker offers a wide range of products, it is impossible to trade the underlying asset directly when trading cryptocurrencies.
Admiral Current Popularity Trends
👉 According to Google Trends, Admiral has seen an increase in Google Searches in the past month.
Overall Rating
- 4.1/5
Min Deposit
110 KES equivalent to $1
Regulators
FCA, ASIC, CySEC, EFSA, JSC
Trading Desk
• MetaTrader 4
• MetaTrader 5
• Admirals Mobile App
Crypto
Yes
Total Pairs
35 Forex Currency Pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Admiral Pros and Cons
| ✔️ Pros | ❌ Cons |
| Admirals is extremely well-regulated across the globe | An inactivity fee is charged, and currency conversion fees may apply for deposits made in KES |
| A commission-free trading account is provided | There are withdrawal fees charged |
| There are several asset classes to choose from | There are additional admin fees applied to the Islamic account |
| Admirals is one of a few brokers who offer MetaTrader Supreme | Only one account type can be converted into an Islamic account |
| There are premium analytics and a plethora of educational materials and resources | |
| Admirals offers a choice between 6 retail trading accounts | |
| Admirals is known for its competitive trading conditions and safe trading environment | |
| Admirals welcomes Kenyan traders despite their trading styles or experience |
Frequently Asked Questions
Is Admirals regulated and by whom?
Yes, Admirals is a well-regulated broker that holds licenses through FCA, ASIC, CySEC, EFSA, JSC, and FSCA.
Is Admirals a fake or a scam broker?
Admirals is not a fake or a scam broker. Admirals is a medium-trust forex and CFD broker with Tier-1, 2, and 3 regulations.
Which trading platforms are supported by Admirals?
Admirals supports the following trading platforms:
- MetaTrader 4
- MetaTrader 5
- Admirals Mobile App
Does Admirals offer leverage and what is the maximum leverage ratio offered?
Yes, Admirals offers leverage. However, there are restrictions on leverage for retail traders, which is up to 1:30. Professional traders, however, have access to leverage up to 1:500.
What is the overall rating for Admirals?
We give Admirals an overall rating of 9/10 because of its high trust score (84%), range of investments, commissions and fees, platforms and tools, mobile trading apps, educational material, and research tools.
Is Admirals suitable for both beginner and professional traders?
Yes, Admirals offers a myriad of educational materials and research tools for both beginners and professional Kenyan traders.
Conclusion
Now it is your turn to participate:
➡️️ Do you have any prior experience with Admirals?
➡️️ What was the determining factor in your decision to engage with Admirals?
➡️️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?
➡️️ Have you experienced any issues with Admirals such as difficulty withdrawing funds, inability to verify regulation, irresponsive customer support, etc.?
Regardless, please share your thoughts in the comments below.
Addendum/Disclosure:
No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.
